de Finetti's Theory of Probability and its Jaynesian Critique

K.Vela Velupillai

No 1406, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

Abstract: For aesthetic, strategic and pragmatic reasons, E. T. Jaynes (2003, Appendix A) objects to Bruno de Finetti’s founding of probability theory on the basis of the notion of coherence. In this paper an attempt is made to diffuse this critique, as well as to point out, briefly, that these, and the remarks on a variety of foundational issues in mathematics and metamathematics (op.cit, Appendix B) are ahistorical, irrelevant and misguided.

Keywords: Aesthetics; Coherence; Betting; Robot; Turing Machine (search for similar items in EconPapers)
JEL-codes: C02 C11 C18 C44 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-hme and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpas:1406

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